R-12.1 - Act respecting the Pension Plan of Management Personnel

Section 201 Disposition versions

2005-01-01

201. Despite any inconsistent provision of this Act, no benefit resulting from the redemption under this plan of years or parts of a year prior to 1 January 1990 may exceed the defined benefit limit applicable in respect of such years or parts of a year under the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement).

For the purposes of the first paragraph, the Government may establish by regulation the limit applicable to the pensionable salary for the purpose of establishing the cost of redemption, the limit applicable to the service that may be credited, the rules and procedures for computing that part of the pension that relates to the years and parts of years redeemed, and the conditions governing the application of those limits, rules and procedures.

2001, c. 31, s. 201; 2004, c. 39, s. 266.

2001-06-21

201. No benefit resulting from the redemption under this plan of years or parts of a year prior to 1 January 1990 may exceed the defined benefit limit applicable in respect of such years or parts of a year under the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement).

For the purposes of the first paragraph, the limit applicable to the pensionable salary for the purpose of establishing the cost of redemption, the limit applicable to the service that may be credited, and the rules and procedures for computing that part of the pension which relates to the years or parts of a year redeemed, may be established by regulation.

2001, c. 31, s. 201.